DnB NOR
From Wikipedia, the free encyclopedia
| DnB NOR asa | |
 |
|
| Type | Public (OSE: DNBNOR) |
|---|---|
| Founded | 1822 |
| Headquarters | Oslo, Norway |
| Key people | Svein Aaser, CEO Olav Hytta, Chairman |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Revenue |  25.3 billion NOK (2005) [1] |
| Employees | 11,446 |
| Website | www.dnbnor.com |
DnB NOR (OSE: DNBNOR) is Norway's largest financial services group with total assets of more than NOK 1.4 trillion. The Group includes the brands Vital, Nordlandsbanken, Cresco and Postbanken. DnB NOR's head office is located in Oslo.
The two largest owners of DnB NOR are the government of Norway (34.0%) and Sparebankstiftelsen DnB NOR (10.95%). The latter was created as a foundation with the sole purpose of owning part of the company. It was created when Gjensidige NOR was made a public limited company to insure that the companies customers retained partial ownership of the company. The foundation also can give up to 25% of its received dividend as gifts to charity.
Contents |
[edit] Operations
In Norway DnB NOR Bank has bank offices throughout the country. Though both Postbanken and Nordlandsbanken are part of the company, they retain their own brands and offices. Postbanken offers it's services through the post offices while Nordlandsbanken has it's offices exclusively in the county of Nordland.
Domestically the group has a security division called DnB NOR Markets, the finance company Cresco, the real estate agency DnB NOR Eiendom and the insurance company Vital. The company also is the sole issuer of American Express credit cards in Norway.
The group's activities are primarily focused on Norway; however, it is one of the world's foremost shipping banks and a major international player in the energy sector. It has an international network of 13 branches and representative offices, including Helsinki (Finland), Copenhagen (Denmark), Hamburg (Germany), Luxemburg, London (United Kingdom), New York (United States), Shanghai (China) and Singapore. The company also has multiple offices in Sweden.
In Denmark, Finland, Poland, Estonia, Latvia and Lithuania DnB NOR markets itself as DnB NORD in a joint venture with the German bank Norddeutsche Landesbank with DnB NOR owning 51%.
[edit] History
The history of the group goes back to 1822 with the establishment of Christiania Sparebank. The present corporation consists of mergers between Christiania Sparebank (1822), Gjensidige (1847), Bergens Privatbank (1855), Den norske Creditbank (1857), Fellesbanken (1920), Bergens Kreditbank (1928), Postbanken, Vital and Nordlandsbanken. The current name stems from 2003, when the two banks Den norske Bank (DnB) and Gjensidige NOR merged in 2003.
[edit] See also
[edit] External links
- DnB NOR corporate site
- DnB NOR banking site (Norwegian)
Companies: Autolease • Carlson Investment Management • Cresco • DnB NOR • DnB NORD • DnB NOR Eiendom • DnB NOR Markets • Netaxept • Nordlandsbanken • Postbanken • Sparebankstiftelsen DnB NOR • Vital
Defunct companies: • Bergen Bank • Bergens Kreditbank • Bergens Privatbank • Christiania Sparebank • Den norske Bank • Den norske Creditbank • Fellesbanken • Forenede Forsikring • Gjensidige • Gjensidige NOR • Skandia Asset Management • Sparebanken ABC • Sparebanken NOR • Sparebanken Oslo/Akershus
Brands: American Express
See also: Category:DnB NOR
Acergy • Aker • Aker Kværner • Awilco Offshore • DnB NOR • DNO • Fred. Olsen Energy • Frontline • Norske Skog •
Norsk Hydro • Ocean Rig • Orkla • Pan Fish • Petroleum Geo-Services • Prosafe • SeaDrill • Statoil • Storebrand •
Subsea 7 • Tandberg • Tandberg Television • Telenor • TGS-NOPEC • Tomra • Yara
See also: Companies listed on the Oslo Stock Exchange
